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20130113
20130121
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Search Results 0 to 24 of about 25 (some duplicates have been removed)
our deficit and a balanced and responsible way. for nearly two years now, i have been fighting for such a plan. one that would reduce our deficit by four trillion dollars over the next decade which would stabilize our debt and our deficit and sustain us for the next decade. that would be enough not only to stop the growth of our debt and the size of our economy and make it manageable. education and job training in science and research and all of those things that help us grow. step-by-step, we have made progress towards that goal. over the past few years and signed into law 1.4 trillion dollars in spending cuts. two weeks ago i signed into law more than $600 billion in revenue by making sure the wealthiest americans began to pay their fair share. when you add the money that we will save in interest payments on the dead altogether that adds up to a total of about 2.5 trillion dollars and deficit reduction over the past two years. not counting the $400 billion already safe from winding down the wars and i rock and afghanistan. we have made progress. we are moving towards our ulti
, although for instance if you think 40% of gun sales are done through private transactions, if that deficit may be the sales to move to retailers or licensed its readers that already do these sort of things. lori: is it frontloaded though? everybody rushing to the stars s before the announcement today. charles: that has been the trend. as an investor you have to worry about maybe a year from now the stocks, a tough comparison because you can't have every single month a record, people doing background checks. one thing that was interesting in the earnings report i thought was remarkable for the first nine months of last year gone background checks were 32%. distribution of 60%. they are running way ahead of background checks and this kind of shows you absolut tremendous demand out there for this. tracy: is it global distribution or just gunmakers? if it is global because before the united states last few weeks. charles: i think this is mostly a domestic story, but by having said that you look at a stock today. the high is a 52-week high of 60, so the stock already took a pretty good hit on
there would be a method. explain. >> well, actually, the public option would decrease the deficit by about $104 billion over ten years. >> how too you know that? >> that's the congressional budget office estimate. of what it would do. this is not numbers i made up. because it would inn fact lower the -- provide an option -- this would be completely by choice -- for people who don't want to pick this public option, among the private sector choices within a health exchange, and rates for premiums are estimated to be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush's plan, you were critical and had a right to be for prescription drug benefit. the argument ises that it would drive down the cost of those drugs. if anything they have soared since that benefit came in because the government can
in an administration, did any of the deficit deals that we did, were those occurring at the same time as debt ceiling raises? >> they all do. >> we've heard that that -- i'm not going to accept that, not going to do it, not the way it's done. we're not a banana republic. how many can you recall, deficit deals were affected? it's something that's done, is it not? >> standard operating procedure. we all learned about the power of the purse of democracy. back then, it used to be taxes because they couldn't borrow. now, you can borrow. taxes aren't the only strains what government can spend. the parliament and congress has to be able to control the borrowing level. that's government 101. >> is zit in g-- dis in geingeny we've already been to the restaurant and trying to stiff the bill? it wasn't the $800 stimulus or any of the things the president's done, it's congress? >> first, you're raising debt limits to cover future spending. fact one is the money hasn't been spent yet. that's not true. >> it's sort of disassembling. >> that's a good word for it. the second fact is congress hasn't approved the mone
heights communications. kristi, to you first. candidate obama in 2008 promised to cut the deficit in half by the end of his first term. that hasn't happened. how about by the end of his second? >> well, john, i think what's important to remember is that as president obama is starting his second term, he's doing so in a remarkably strong position with high approval ratings and a great record in his first term. when he started, as we all know, the economy was in the ditch. he was able to successfully get us out of that at the point where last week the u.s. stocks closed at their highest level in five years and was able to pass historic health care legislation. by contrast, republicans have their ratings in the toilet. what that means is that there's probably -- it's going to bode well for their ability to compromise with him and for the president to get a second term agenda passed. >> chris, i suppose you see it somewhat differently. >> she addressed political positioning and i think that's what the second term will be about, political positioning rather than solving problems. i don't know
and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, something more in terms of deficit reduction, my guess is the market will kind of shrug
to scare people and distract from the main issue. he said he was going to cut the deficit his first year in office we doubled it every year. it's time to make hard decisions. there is ongoing wrong with suggesting over the next ten years, we stop borrowing from our children's future and we balance our budget. we can do that. i think most americans will agree. >> neil: you got to wonder, if the mainstream media that republicans are being obstructionists if they dare reject raising the debt ceiling but they didn't do it to a single democrat seven years ago including senator barack obama, then republicans are damned no matter what they do? >> it's part of the strategy of this administration on fiscal cliff, on all kinds of issues is to frighten people, frighten seniors. we need to reassure seniors with their truth, their social security and medicare is going to get paid unless the president is completely irresponsible. interest on our debt is going to get paid and our credit rating is likely to stay where it is if we cut spending rather than blow through another debt limit without making th
fighting for such a plan, one that would reduce our deficits by $4 trillion over the next decade which would stabilize our debt and our deficit in a sustainable way for the next day-to-day. jon: so what about that statement from the president, true or false? a fact check on that and a bunch of others. we'll have the answers for you coming up. jon: right now lawmakers are working on a strategy to try to keep the government running. they only have about 4-6 weeks left before the nation hits the national debt ceiling. republicans are calling for budge cuts in return for raising the debt ceiling, but president obama came out swinging during his news conference on monday claiming he's already gone a long way toward closing the budget gap. joining us now to fact check some of his statements, stephen hayes, a senior writer for the weekly standard and a fox news contributor, douglas holtz-eakin is now president of the american action forum. just as a general rule, steven, when you heard the president speaking in that news conference, was he generally being honest with the american people about
. he will have to talk a lot more in the state of the union about deficit control. we have this new fox poll out tonight to. people are upset about fiscal cliff deal. when asked if their paycheck is smaller this year because of more taxfuls being taken out 60% say yes 25% say no. he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's
an indepth look on how to plan, how he plans to fix the deficit and whether or not it's going to work as he suggests. during sleep train's huge year end clearance sale, get beautyrest, posturepedic, even tempur-pedic mattress sets at low clearance prices. plus, get free same-day delivery, set-up, and removal of your old set. and through monday, get 3 years interest-free financing on selected models. but hurry, the special financing offer ends martin luther king, jr. day. don't miss the year end clearance sale at sleep train. superior service, best selection, lowest price, guaranteed. ♪ your ticket to a better night's sleep ♪ >>> president obama struggling with the debt ceiling, that's always a fun comedy premise. wow. this will be good. debt premise. no, president obama told congress it must raise our debt limit because the u.s. is, quote, not a deadbeat nation. yeah. and the president added, by the way, if china calls, i'm not here. >> conan o'brien poking fun at the latest financial crisis. comedians, of course, joking about it. the country's debt, one of the big issues facing the pre
in the details on immigration reform and gun control and deficit reduction at the state of the union next month when he goes back to capitol hill. >>heather: back in 2009 it was 20 minutes so hopefully he will stick to the same. then you, ed henry. >>gregg: now the inaugural theme called "faith in america's future." that was chosen by the joint congressional committee on inaugural ceremonies commemorting the united states perseverance in unity and marks the 150th year since the placement of the statue of freedom atop the new capitol dome in 1863 when crews worked without any pay at all to complete the project, the official inaugural program, launch and other activists is reflecting that theme. >> interesting insight. as we mentioned, today's official swearing in was not open to the public. why is that? according to a tradition dating back to the 19th century, public inaugurations have to be moved to the following monday if the inauguration day falls on a sunday. this has happen add few times before including in 1985 during the second inauguration of ronald reagan and when eisenhower in 1957 was
of pressure on the task force doing something and tax reform entitlement reform and cutting the deficit and debt. charles: when it hit an all-time high the dow at an all-time high under george bush the democrats said that was a reflection of rich americans. stuart: professional sports very big money. we have two names for you. lance armstrong of course and manti te'o. they could lose a ton of money. brian is on the radio right now but he will join us for special simulcast at 10:35 this morning. let's get to gun-control. here is what the president of the national rifle association said yesterday on "varney and company" in response to president obama's proposal. >> you have a president who is dedicated to achieving an ideological agenda and is willing to spend political capital to fight a fight against -- against public feeling and public attitudes that have been in place for many many years and to fight in spite of constitutional safeguards for those attitudes you have a real battle royal and that is what we're going to have in washington over the next few months because this president a
. germany's problem is the reverse. it's been running a huge surplus which is the deficit of the other countries of europe that they cannot finance. >> correct. >> that is the essence of the european crisis. >> but in a global environment -- >> the whole question with respect to the u.s. is whether we can sustain our current account relationship with the rest of the world. and particularly with china. and that's a decision that the rest of the world will make. it's completely -- >> james, are we -- we added a new entitlement, obama care, which some, i don't know what that's going to cost. there's some groups, i guess they would call them, if they're too conservative, but trillions and trillions of dollars of additional entitlements that we've just layered over the entitlements we already have. are we at the right level now? is this the perfect level of promises we've made? or would you even go above where we are right now? >> well, i think the problem that we have is that our health care sector is bloated by this enormous private insurance system that we have. this sort of mixed bag of
talking about deficit, government spending 1520 years ago when nobody was that much focused on it. they are now. here's a chance for you to take what you learned on the way up, what you learned on the way down, what you learned in congress before, what you learned in the governorship and apply it to what is really the debate of our time. >> you will remember his governorship, which was riddled with that story where he admitted an affair with a woman from argentina back in 2009. >>> look at this, unless you're a little claustrophobic. this oregon woman spent nearly four hours trapped in an eight-inch space between an apartment building and a 20-foot wall. this happened early wednesday morning in downtown portland. apparently she fell from a second floor smoking area and getting her out was not easy. firefighters had to cut through a section of wall and used air bags to widen the space. lieutenant rich chapman is the firefighter who pulled that woman out. >> we were assuring her we were doing everything to get her out. we weren't going home without her. that was it. we used basicall
remains committed to further reducing the deficit in a balanced way. so that is the response from the white house after the gop at its retreat in virginia came out with the possibility that perhaps we could extend the debt limit for another three months but the senate has to pass a budget, so the republicans which it has not done in four years. so. tracy: no surprise from the white us house. ashley: says no. tracy: okay, then. how about this. hank paulson says he hates the debt limit. you remember the former treasury secretary, the guy who said i need $700 billion right now? no wonder he hates it. ashley: don't we all. tracy: he has given a rare interview. we have details on that next. ashley: first a look at today's winners and losers. the dow just above the water mark. take a look. we'll be right back. ♪ chances are you've become, a better driver over the years. and one company thinks your auto insurance rates should get better too. presenting the aarp auto insurance program from the hartford. i'm a good driver. have been for years. it just makes sense that better, more experi
mean they are very concerned about the debt to gdp and the budget deficit, which are running at roughly 101% and 8 to 10%. we kind of look like spain looks right now. if anything we might be worse. but what i think happens is the republicans have two shots. march 1st is the sequester where they can challenge or what we think will happen they will wait until the march 27th continuing resolution and they are going to press the president for spending reductions which is absolutely necessary if we want to maintain at least two of our three aaa credit ratings. >> andy, i just find it amazing we now have a culture where it doesn't matter what you said a couple of years ago, even when you're the head guy running the country. we all know, raid or heard and today was the notable quotable in the "journal" when the president was a senator was a different guy when it comes to his interpretation of voting or not voting for the debt ceiling. but i happened in my opinion agree with you on your interpretation of the republicans and the retreat. i think that principle might be a good thing. centerpiece
to finance the government deficit, buying a lot of government bonds and at some point that is going to come apart and it might come apart, might come apart in a fashion that is rather like august of 2007 where things seem to be going smoothly and then all of a sudden it all falls apart and the question is do we have adequate contingency plans in place should that happen? >> right. >> i fear we do not. >> before we let you go, when these transcripts come out do they evoke any memories for you good or bad about these meetings? >> oh, well they evoke lots of memories. i haven't seen the transcripts of course. i look forward to reviewing it because that was my last full year in office. it was a wonderful experience to be there. i learned an awful lot. and certainly one of the things i reflect on is the various points that we missed that i missed and my colleagues missed. >> william poole, former st. louis fed president, thank you so much for your time. steve, thanks to you for sticking around. >> my pleasure. >> meantime morgan stanley trading sharply higher after reporting results this morning
's fake money. >> suze orman, you rock. >> thank you. you get to pay off our deficit. >> the suze orman show airs saturday night at 9:00 p.m. and 12:00 a.m. eastern. you already knew that. >> we're taking a walk on the wild side with patrick monihan. >> no, kate, don't do it. [ female announcer ] what makes florida's natural orange juice taste so uniquely fresh and delicious? is it the rich florida soil? or the perfect blend of sunshine, rain, and temperature? maybe it's the fact that florida's natural oranges are never imported. they're raised right here in florida, and passed with care from our hands to yours. 100% pure. 100% florida. florida's natural. i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios waiting for your wrinkle cream to work? neutrogena® rapid wrinkle repair has the fastest retinol formula. to visibly reduce fine lines and wrinkles in just one week. neutrogena®. to visibly reduce fine lines and wrinkles in just
Search Results 0 to 24 of about 25 (some duplicates have been removed)